Legal Ledger Brief: Pilgrim’s Pride CEO takes leave

Following an indictment for bid rigging and price fixation in the poultry markets, Pilgrim’s Pride CEO Jayson Penn has taken a leave of absence. The company said in a released statement Penn “intends to focus on his defense of the recently disclosed indictment against him, to which he has pleaded not guilty.” For the time being, the company’s CFO, Fabio Sandri, has stepped in as interim president and CEO.